Hewlett-Packard Manages Surprise Quarterly Revenue Gain

A
visitor takes a photo with a tablet in front of a Hewlett-Packard
(HP) stand at the Mobile World Congress in
BarcelonaThomson
Reuters

SAN FRANCISCO (Reuters) - Hewlett-Packard Co posted a surprise
increase in quarterly revenue, as it works through an internal
overhaul aimed at cutting costs and re-orienting the sprawling
computing company.

HP recorded sales of $27.6 billion in its fiscal third quarter,
ended July, up 1 percent from $27.2 billion a year earlier. Wall
Street analysts, on average, had forecast a drop in revenue to
$27.01 billion.

(Reporting by Edwin Chan)

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